Goldman Sachs Group Inc. Trims Stock Holdings in ADT Inc. $ADT

Goldman Sachs Group Inc. trimmed its holdings in ADT Inc. (NYSE:ADT) by 25.1% in the first quarter, Holdings Channel reports. The institutional investor owned 941,953 shares of the security and automation business’s stock after selling 315,748 shares during the quarter. Goldman Sachs Group Inc.’s holdings in ADT were worth $7,668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in ADT by 11.6% in the 1st quarter. Vanguard Group Inc. now owns 49,715,950 shares of the security and automation business’s stock valued at $404,688,000 after purchasing an additional 5,160,835 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of ADT by 21.6% during the first quarter. Dimensional Fund Advisors LP now owns 26,077,931 shares of the security and automation business’s stock valued at $212,264,000 after acquiring an additional 4,624,120 shares during the last quarter. AQR Capital Management LLC increased its position in shares of ADT by 86.6% during the first quarter. AQR Capital Management LLC now owns 13,119,098 shares of the security and automation business’s stock valued at $105,543,000 after buying an additional 6,089,671 shares during the period. LSV Asset Management grew its holdings in ADT by 15.7% in the first quarter. LSV Asset Management now owns 12,545,184 shares of the security and automation business’s stock worth $102,118,000 after purchasing an additional 1,701,861 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of ADT by 668.5% during the first quarter. Millennium Management LLC now owns 7,504,051 shares of the security and automation business’s stock valued at $61,083,000 after buying an additional 6,527,539 shares during the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ADT

In other ADT news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of ADT stock in a transaction on Monday, July 28th. The shares were sold at an average price of $8.31, for a total value of $590,010,000.00. Following the completion of the transaction, the insider owned 112,650,366 shares of the company’s stock, valued at $936,124,541.46. The trade was a 38.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of ADT to a “strong-buy” rating in a research note on Tuesday, August 12th. Morgan Stanley boosted their price objective on shares of ADT from $9.00 to $9.50 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Citigroup upped their price target on shares of ADT from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Finally, Wall Street Zen downgraded shares of ADT from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, ADT currently has a consensus rating of “Moderate Buy” and an average target price of $9.34.

ADT Stock Down 0.5%

ADT stock opened at $8.81 on Friday. ADT Inc. has a 12 month low of $6.68 and a 12 month high of $8.89. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 13.35 and a beta of 1.13. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.46 and a quick ratio of 0.37. The company has a fifty day moving average price of $8.57 and a 200 day moving average price of $8.26.

ADT (NYSE:ADT) last posted its quarterly earnings results on Thursday, July 24th. The security and automation business reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. ADT had a net margin of 12.30% and a return on equity of 18.58%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 EPS. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. Sell-side analysts expect that ADT Inc. will post 0.7 earnings per share for the current year.

ADT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.5%. ADT’s dividend payout ratio (DPR) is presently 33.33%.

About ADT

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.